Warren Buffett, the Keystone Pipeline, and Crony Capitalism

A decades-long crusade by the environmental left to convince us that oil is evil, unsustainable, and destroying our planet has yet to accomplish its goal of eliminating oil as a fuel, but it has succeeded in making oil damned expensive.  However, new technologies for the extraction and transport of previously unrecoverable oil promise to reverse that trend. One such project is the TransCanada Keystone XL pipeline, which will transport bitumen from the oil sands of Alberta to the refineries and ports along the Gulf coast.  It will also feature a spur that will pick up oil from the vast Bakken oil formation in North Dakota.  The benefit to our economy and energy security is obvious. I live in Nebraska, one of the states that will be host to a segment of the pipeline. We have witnessed a remarkably contentious debate locally regarding the construction of the Keystone XL, revealing some rather disturbing attitudes regarding truth and its role in public discourse.  I...(Read Full Article)